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MRO Procurement Service Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
MRO Procurement Service MarketMRO procurement (Maintenance, Repair & Operations) refers to an enterprise operating activity in which an enterprise obtains non-productive materials or services from the supply market as enterprise resources under certain conditions to ensure the normal development of the enterprise's production and operation activities.
The global market for MRO Procurement Service was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
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The global market for Maintenance, Repair, and Operations (MRO) procurement services is experiencing steady growth driven by the increasing need for efficient and cost-effective management of maintenance and repair activities across various industries. MRO procurement services involve the sourcing, purchasing, and management of goods, equipment, and services required to maintain and operate facilities, machinery, and infrastructure. A mature industrial landscape, stringent regulatory standards, and a focus on operational efficiency drive the adoption of MRO procurement services in North America. The presence of a diverse manufacturing sector and a focus on sustainable practices contribute to the demand for MRO procurement services in Europe. Rapid industrialization, growing infrastructure development, and increasing investments in manufacturing sectors across countries like China and India are fueling the growth of MRO procurement services in Asia-Pacific.
By Type
• Industrial Equipment
• Maintenance Supplies
• Consumables
By Application
• Energy and Utilities
• Mechanical
• Automobile
• Oil and Gas
Key Companies
W. W.Grainger, MISUMI Group, RS Components, Bilfinger, Wesco, Eriks, Turtle & Hughes, Enventure, Rexel Industrial Solutions, ZKH, Xianheng International, Yiheda Automation, COMIX, EHSY, Jingdong Industrials
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